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Europe's ultra-low-sulfur diesel market absorbed a six-day blockage of the Suez Canal without major disruption, as plenty of fuel continued to arrive from Russia. Regional demand was already muted by new measures against a third wave of Covid-19 infections.
Steady diesel supply from Russia and weak European demand point to limited upward pressure on diesel prices, which keeps feed transport and processing costs stable.
energyintel.comAuthor Kerry Preston, UNITED KINGDOMMar 31, 2021After 153 past logistics events, ULSD / Diesel moved a median +0.4% over 5 sessions (52% higher; middle half -2.7% to +4.0%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
